Lazard Inc’s recently made public that its Affiliate JACOBS KENNETH M acquired Company’s shares for reported $68.95 million on Feb 14 ’25. In the deal valued at $55.16 per share,1,250,000 shares were bought.
Then, Russo Evan L sold 50,000 shares, generating $2,670,175 in total proceeds. Upon selling the shares at $53.40, the CEO of Asset Management now owns 34,336 shares.
Before that, Russo Evan L sold 35,000 shares. Lazard Inc shares valued at $1,877,250 were divested by the CEO of Asset Management at a price of $53.64 per share. As a result of the transaction, Russo Evan L now holds 188,448 shares, worth roughly $10.41 million.
Wolfe Research downgraded its Lazard Inc [LAZ] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Morgan Stanley also remained covering LAZ and has decreased its forecast on December 09, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Wells Fargo started covering the stock on September 12, 2024. It rated LAZ as “an Equal weight”.
Price Performance Review of LAZ
On Friday, Lazard Inc [NYSE:LAZ] saw its stock jump 2.35% to $55.24. Over the last five days, the stock has gained 3.80%. Lazard Inc shares have risen nearly 7.30% since the year began. Nevertheless, the stocks have risen 48.69% over the past one year. While a 52-week high of $61.14 was reached on 01/30/25, a 52-week low of $35.56 was recorded on 01/13/25. SMA at 50 days reached $52.47, while 200 days put it at $47.93.
Levels Of Support And Resistance For LAZ Stock
The 24-hour chart illustrates a support level at 54.31, which if violated will result in even more drops to 53.38. On the upside, there is a resistance level at 55.81. A further resistance level may holdings at 56.38. The Relative Strength Index (RSI) on the 14-day chart is 58.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.01%. Stochastics %K at 44.68% indicates the stock is a holding.
How much short interest is there in Lazard Inc?
A steep rise in short interest was recorded in Lazard Inc stocks on 2025-01-31, growing by 1.91 million shares to a total of 6.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 4.65 million shares. There was a rise of 29.13%, which implies that there is a positive sentiment for the stock.
